5 Tips for Creating an Employee Referral Program

Looking for an easier way to find great candidates? An employee referral program could be the answer.

Not only is it an effective way to uncover job candidates without spending a lot of money, but it also makes employees feel more involved in important decisions within the company.

But, as one of the leading staffing agencies in Miami, Future Force can tell you that the key to making your program successful is balancing the need to offer an incentive that motivates employees to refer top candidates, while also sticking to your budget.

Here are some tips to help you:

Tip #1: Determine the Incentive.

What are you going to offer employees who refer a candidate that you hire? Will you offer the same amount for all positions, or more for higher level positions? Select an amount that fits your budget and also enables you to save money when compared to other traditional recruiting methods.

In addition, you may want to get a little creative and offer a charity donation option for your philanthropic-minded employees so that all or part of the incentive can be donated.

Tip #2: Create Guidelines for the Incentive. 

For instance, pay part of the bonus when you hire the referred candidate and the other part some time after the hire (60 or 90 days, or six months) to ensure the candidate works out. Taking this approach protects your company in case the candidate leaves quickly, while also still rewarding your employee for the referral.

Tip #3: Implement a Simple Process for Referrals.

Don’t make it difficult for employees to refer candidates to your company. Create a simple referral method and also make it easy for candidates to indicate who referred them during the application process.

Tip #4: Regularly Promote the Program. 

Whether in the company newsletter or through open houses, remind employees about the program, your current hiring needs, and how to refer a candidate. Also be sure to broadcast the success stories.

Tip #5: Develop a Strong Employment Brand. 

Doing so makes it easier for employees to build relationships with other professionals whom they could eventually refer. In addition, those referred will want to work for your company if it has a solid reputation.

Need More Help Finding the Right Candidates?

If you don’t have time to implement an employee referral program, but do need help finding top candidates, let Future Force know. As one of the leading staffing agencies in Miami, we can help you find qualified and reliable talent on a short-term, seasonal, and full-time basis. Contact Future Force today to learn more.

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